Thurman J. Rodgers - 24 Aug 2026 Form 4 Insider Report for SunPower Inc. (SPWR)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: SPWR
Reported as of: 24 Aug 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Sep 2026, 16:30:33 UTC
Prior SEC filing: 06 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers

Key filing fact

Thurman J. Rodgers filed Form 4 for SunPower Inc. (SPWR) on 09 Sep 2026.

Key facts

This page summarizes Thurman J. Rodgers's Form 4 filing for SunPower Inc. (SPWR).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 09 Sep 2026, 16:30.

Change

Previous filing in this sequence was filed on 06 Jul 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001183967 Primary reporting owner

Rodgers Thurman J

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: C/O SUNPOWER INC., 1403 N. RESEARCH WAY, OREM
Signature: /s/ Michael Penney, Attorney-in-Fact for Thurman J. Rodgers
Signature date: 09 Sep 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SPWR transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares: +7,870,917
Change %: +27%
Price: $0.2541^*
Shares after: 36,687,593
Date: 04 Sep 2026
Ownership: See note
Footnotes: F2

SPWR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,471,485
Date: 24 Aug 2026
Ownership: See note
Footnotes: F3

SPWR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 485,562
Date: 24 Aug 2026
Ownership: See note
Footnotes: F4

SPWR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 463,589
Date: 24 Aug 2026
Ownership: See note
Footnotes: F5

SPWR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 463,589
Date: 24 Aug 2026
Ownership: See note
Footnotes: F6

SPWR holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,842
Date: 24 Aug 2026
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SPWR transaction Derivative

Simple Agreement for Future Equity

Purchase

Transaction value
Shares
Change %
Price
Shares after: $2,000,000
Date: 24 Aug 2026
Ownership: See Footnote
Underlying class: Equity
Underlying amount: 7,870,917
Exercise price
Footnotes: F1

SPWR transaction Derivative

Simple Agreement for Future Equity

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
Change %
Price
Shares after: $0
Date: 04 Sep 2026
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 7,870,917
Exercise price
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On 8/24/2026, the Rodgers Massey Revocable Trust, for which the Reporting Person and his spouse serve as trustees (the "Revocable Trust"), purchased a simple agreement for future equity (the "SAFE") in exchange for $2,000,000. The SAFE was automatically convertible at the closing of the first financing transaction completed by the Issuer following the issuance of the SAFE. At the closing of such financing transaction, the SAFE was convertible into $2,000,000 of shares, units or increment of the securities issued in such financing transaction based on the price per share, unit or increment of the securities issued and sold by the Issuer, and subject to the terms and conditions of the SAFE. The SAFE was converted into 7,870,917 shares of common stock on 9/4/2026.

Footnote F2

On 9/4/2026, the SAFE was converted into 7,870,917 shares of the Issuer's common stock pursuant to the Securities Purchase Agreement dated 9/2/2026 between the Issuer and the Revocable Trust. Such common stock is held by the Revocable Trust, for which the Reporting Person and his spouse serve as trustees.

Footnote F3

These shares are held by the Rodgers Family Freedom and Free Markets Charitable Trust (the "Charitable Trust"). The reporting person and his spouse serve as trustees of the Charitable Trust.

Footnote F4

These shares are held by Rodgers Capital, LLC. The reporting person is the manager of Rodgers Capital, LLC.

Footnote F5

These shares are held by the TJ Rodgers 2012 Irrevocable Trust dtd 12/26/12, for which the reporting person serves as trustee.

Footnote F6

These shares are held by the Valeta Massey 2012 Irrevocable Trust dtd 12/26/12, for which the reporting person's spouse serves as trustee.

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